Category: L

Control chart’s quality control bottom limit for data points below the control average line. Contrast to upper control limit.

One-time, single large payment. No smaller payments; no intervals.

Contractor-requested bonding or surety company guaranty or security given to a construction project owner / principal. This covers payoff for all equipment, labor, materials, and services if the contractor does not pay

Workers find paying work, employers find willing workers, and both agree to wage rates in this nominal market.

Financial market, economic indicators that only change following economic change to a new trend or pattern. Usually six months precedes a shift in these indicators, trailing behind the overall economic cycle versus

Environmentally acceptable waste disposal to fill a depression in the earth. Typically, non-hazardous waste is layered and compressed over a specific area of land. At the end of each working day the

When a stable insurer underwrites a large risk in one policy.

When clients enter mutual funds after the market is closed. This is illegal.

A product’s demand by a consumer declines with each additional unit acquired or consumed. A perceived, psychological generalization on the value of, or satisfaction gained.

Retail promotion scheme allowing the customer to leave a deposit for time-limited storage at the store of customer-picked items not fully purchased until the customer returns to pay-in-full. T

Steel, with 0.15 to 0.35 percent lead as a lubricant to make more machinable. It also contains about the same amounts of sulfur.

Automatic pay increase or claims for a pay increase for employees based on maintaining pay parity or differential with other employees who gained a pay increase.

Full-time, dedicated, connection telephone line or communications circuit providing network / wide area network / internet service. A type of fixed data pipeline carrying data from one fixed point to another, making

Travel taken from one stop to another. Also known as portion or segment.

Lawful right as owner of an asset or property to hold the legal title/ownership. A lender has legal estate in a mortgaged asset used as collateral. The borrower only has a right

Applied lawful lien by the mortgagor in exchange for obligation discharge or debt repayment.

Exclusively used n the UK, US, and Commonwealth countries, such paper measuring 8.5 inches wide and 14 inches long.

Enacting additional necessary restrictions instead of closing or preventing loophole abuse, as intended. For example, instead of changing one law to include everyone originally intended, the legislature enacts an unnecessary law to

A party is excused from sharing liabilities arising out of the agreement as a stated provision in said agreement.

Contract award to the winning bidder is document by the customer, owner or principal. Award amount, award date, contract signing date are additional particulars in this written confirmation. It may also contain